Budget 2025

Direct Tax Collections Grow 7% YoY; Refunds Down 18% in FY 2025-26

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India’s direct tax collections for FY 2025-26 have shown a steady year-on-year (YoY) growth of 7%, signaling strong revenue performance driven by higher corporate profitability and rising personal income levels. However, the 18% decline in refunds has caught attention, suggesting tighter scrutiny and faster processing of genuine tax dues by the Income Tax Department. Strong … Read more

Reduced Taxes on Essentials

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Reduced Taxes on Essentials: How Lower GST Rates Are Making Everyday Life Easier Introduction The Goods and Services Tax (GST) reform has significantly changed India’s taxation landscape. One of the biggest benefits for consumers is the reduction in taxes on essential goods and services. From soaps and packaged snacks to medical devices and insurance premiums, … Read more